Baker Bros Advisors LP Has Lowered Position in Chemocentryx (CCXI) as Shares Rose; As Owens Corning New (OC) Market Valuation Declined, Lodge Hill Capital Has Lowered Stake

ChemoCentryx, Inc. (NASDAQ:CCXI) Logo

Baker Bros Advisors Lp decreased its stake in Chemocentryx Inc. (CCXI) by 50% based on its latest 2018Q4 regulatory filing with the SEC. Baker Bros Advisors Lp sold 207,000 shares as the company’s stock rose 6.99% with the market. The hedge fund held 207,029 shares of the health care company at the end of 2018Q4, valued at $2.26M, down from 414,029 at the end of the previous reported quarter. Baker Bros Advisors Lp who had been investing in Chemocentryx Inc. for a number of months, seems to be less bullish one the $721.54 million market cap company. The stock decreased 0.72% or $0.09 during the last trading session, reaching $12.43. About 226,159 shares traded. ChemoCentryx, Inc. (NASDAQ:CCXI) has risen 12.22% since May 19, 2018 and is uptrending. It has outperformed by 7.85% the S&P500. Some Historical CCXI News: 31/03/2018 – ChemoCentryx Conference Set By H.C. Wainwright for Apr. 8-10; 20/04/2018 – DJ Chemocentryx Inc, Inst Holders, 1Q 2018 (CCXI); 10/05/2018 – Invus Public Equities Advisors Exits Position in ChemoCentryx; 09/05/2018 – ChemoCentryx 1Q Loss/Shr 19c; 09/03/2018 – ChemoCentryx 4Q Net $39.7M; 09/03/2018 – CHEMOCENTRYX INC QUARTERLY SHR $0.80; 09/03/2018 – ChemoCentryx Intends to Initiate Clinical Development of Avacopan in Hidradenitis Suppurativa by Yr-En; 09/03/2018 – CCXI TO BEGIN AVACOPAN CLINICAL STUDIES IN HS BY ’18 END; 11/04/2018 – ChemoCentryx Announces Presentation During National Kidney Foundation 2018 Spring Clinical Meeting; 22/03/2018 – ChemoCentryx Publishes Novel Findings of Role of CCR2 in Kidney Glomerulus, Supporting Advancement of CCR2 Inhibitor CCX140 in the Treatment of Focal Segmental Glomerulosclerosis (FSGS)

Lodge Hill Capital Llc decreased its stake in Owens Corning New (OC) by 2.47% based on its latest 2018Q4 regulatory filing with the SEC. Lodge Hill Capital Llc sold 13,305 shares as the company’s stock declined 3.74% while stock markets rallied. The hedge fund held 525,095 shares of the industrial machinery and components company at the end of 2018Q4, valued at $23.09 million, down from 538,400 at the end of the previous reported quarter. Lodge Hill Capital Llc who had been investing in Owens Corning New for a number of months, seems to be less bullish one the $5.26B market cap company. The stock decreased 1.56% or $0.77 during the last trading session, reaching $48.48. About 992,075 shares traded. Owens Corning (NYSE:OC) has declined 36.08% since May 19, 2018 and is downtrending. It has underperformed by 40.45% the S&P500. Some Historical OC News: 17/05/2018 – Terrell Owens goes for Jason Garrett’s head; 04/05/2018 – OWENS CORNING – CREDIT AGREEMENT PROVIDES FOR A REVOLVING CREDIT FACILITY IN AN AGGREGATE PRINCIPAL AMOUNT OF $800 MLN; 25/04/2018 – OWENS CORNING – EXPECTS AN ENVIRONMENT IN 2018 CONSISTENT WITH CONSENSUS EXPECTATIONS FOR U.S. HOUSING STARTS AND GLOBAL INDUSTRIAL PRODUCTION GROWTH; 24/03/2018 – Texas Emissions: 280919 – OWENS CORNING ROOFING AND ASPHALT IRVING FACILITY; 06/03/2018 Azuqua Names Todd Owens CEO and Expands Leadership Team to Drive Next Wave of Growth; 05/04/2018 – Texas Emissions: 281570 – OWENS CORNING ROOFING AND ASPHALT IRVING FACILITY; 25/04/2018 – Owens Corning 1Q Adj EPS 80c; 22/03/2018 – Texas Emissions: 280838 – OWENS CORNING INSULATING SYSTEMS WAXAHACHIE PLANT; 30/03/2018 – OWENS CORNING ARNAUD GENIS RETIRES AS PRESIDENT, COMPOSITES; 08/03/2018 – Rep. LaHood: Senate Passes LaHood Bill to Honor Fallen Navy SEAL Ryan Owens

Investors sentiment increased to 0.92 in Q4 2018. Its up 0.31, from 0.61 in 2018Q3. It increased, as 51 investors sold OC shares while 97 reduced holdings. 55 funds opened positions while 81 raised stakes. 99.45 million shares or 1.03% less from 100.48 million shares in 2018Q3 were reported. Natl Bank Of America De holds 0.01% or 1.39M shares. Buckingham Mgmt holds 0.82% or 124,000 shares. Bnp Paribas Arbitrage Sa holds 0% or 862,613 shares. State Street accumulated 2.92 million shares or 0.01% of the stock. Pillar Pacific Capital Management Limited has 0.23% invested in Owens Corning (NYSE:OC) for 39,785 shares. Rock Point Advsr Ltd Liability Corp invested 2.52% of its portfolio in Owens Corning (NYSE:OC). Geode Mngmt Llc has 1.14 million shares. Bain Capital Pub Equity Mngmt Ltd Co holds 0.27% or 65,554 shares in its portfolio. Beaconlight Capital Ltd holds 23,552 shares or 0.36% of its portfolio. Old National Bank In, a Indiana-based fund reported 5,871 shares. 26,490 are owned by Levin Cap Strategies Lp. Dekabank Deutsche Girozentrale stated it has 173,935 shares. Putnam Investments Limited Com holds 0% or 35,360 shares in its portfolio. Cipher Capital LP has 9,121 shares. Bridgewater Associate Lp reported 39,302 shares.

Lodge Hill Capital Llc, which manages about $208.28M and $361.49M US Long portfolio, upped its stake in Cott Corp Que (NYSE:COT) by 63,008 shares to 373,008 shares, valued at $5.20M in 2018Q4, according to the filing. It also increased its holding in Compass Minerals Intl Inc (NYSE:CMP) by 211,200 shares in the quarter, for a total of 236,200 shares, and has risen its stake in United Rentals Inc (NYSE:URI).

Analysts await Owens Corning (NYSE:OC) to report earnings on July, 24. They expect $1.16 earnings per share, down 0.85% or $0.01 from last year’s $1.17 per share. OC’s profit will be $125.93 million for 10.45 P/E if the $1.16 EPS becomes a reality. After $0.54 actual earnings per share reported by Owens Corning for the previous quarter, Wall Street now forecasts 114.81% EPS growth.

More notable recent Owens Corning (NYSE:OC) news were published by: Businesswire.com which released: “Owens Corning Earns No. 1 Ranking on Corporate Responsibility Magazine’s 100 Best Corporate Citizens List – Business Wire” on May 15, 2019, also Seekingalpha.com with their article: “Owens Corning 2019 Q1 – Results – Earnings Call Slides – Seeking Alpha” published on April 24, 2019, Benzinga.com published: “Earnings Scheduled For April 24, 2019 – Benzinga” on April 24, 2019. More interesting news about Owens Corning (NYSE:OC) were released by: Benzinga.com and their article: “Trade War Fears Trigger Nomura Instinet’s Downgrade Of Housing Stocks – Benzinga” published on May 16, 2019 as well as Finance.Yahoo.com‘s news article titled: “Were Hedge Funds Right About Piling Into Owens Corning (OC)? – Yahoo Finance” with publication date: April 23, 2019.

Baker Bros Advisors Lp, which manages about $8.20 billion and $12.21B US Long portfolio, upped its stake in Acadia Pharmaceuticals Inc. (NASDAQ:ACAD) by 11.27M shares to 39.71 million shares, valued at $642.17M in 2018Q4, according to the filing. It also increased its holding in Clementia Pharmaceuticals Inc. by 1.79M shares in the quarter, for a total of 3.72M shares, and has risen its stake in Ra Pharmaceuticals Inc..

More important recent ChemoCentryx, Inc. (NASDAQ:CCXI) news were published by: Nasdaq.com which released: “ChemoCentryx (CCXI) Reports Q1 Loss, Misses Revenue Estimates – Nasdaq” on May 06, 2019, also Nasdaq.com published article titled: “ChemoCentryx to Hold First Quarter 2019 Financial Results Conference Call on Monday, May 6, 2019 – Nasdaq”, Seekingalpha.com published: “ChemoCentryx, Inc. (CCXI) CEO Thomas Schall on Q1 2019 Results – Earnings Call Transcript – Seeking Alpha” on May 06, 2019. More interesting news about ChemoCentryx, Inc. (NASDAQ:CCXI) was released by: Globenewswire.com and their article: “ChemoCentryx Reports First Quarter 2019 Financial Results and Recent Highlights – GlobeNewswire” with publication date: May 06, 2019.

Since January 7, 2019, it had 0 insider buys, and 5 insider sales for $1.38 million activity. $158,790 worth of ChemoCentryx, Inc. (NASDAQ:CCXI) was sold by Cappel Markus J. on Monday, January 7. Shares for $457,747 were sold by KANAYA SUSAN M.

Analysts await ChemoCentryx, Inc. (NASDAQ:CCXI) to report earnings on August, 8. They expect $-0.26 EPS, down 85.71% or $0.12 from last year’s $-0.14 per share. After $-0.23 actual EPS reported by ChemoCentryx, Inc. for the previous quarter, Wall Street now forecasts 13.04% negative EPS growth.

Investors sentiment decreased to 0.93 in 2018 Q4. Its down 0.05, from 0.98 in 2018Q3. It fall, as 7 investors sold CCXI shares while 38 reduced holdings. 18 funds opened positions while 24 raised stakes. 27.13 million shares or 1.23% more from 26.80 million shares in 2018Q3 were reported. Barclays Public Limited Com has 5,866 shares for 0% of their portfolio. Matarin Mgmt Lc reported 0% stake. State Of Wisconsin Invest Board accumulated 23,200 shares. One Trading LP accumulated 13,165 shares or 0% of the stock. Aqr Cap Mgmt Ltd Llc has invested 0% in ChemoCentryx, Inc. (NASDAQ:CCXI). Nantahala Mgmt Ltd Liability Corp holds 0.21% of its portfolio in ChemoCentryx, Inc. (NASDAQ:CCXI) for 623,338 shares. Bb&T Securities stated it has 114,827 shares. Sei Invs Comm has invested 0% of its portfolio in ChemoCentryx, Inc. (NASDAQ:CCXI). Prelude Capital Mngmt Lc invested 0% in ChemoCentryx, Inc. (NASDAQ:CCXI). Ptnrs Limited Com reported 19,469 shares. Fernwood Limited Liability Co accumulated 10,000 shares. J Goldman Company LP reported 0.04% of its portfolio in ChemoCentryx, Inc. (NASDAQ:CCXI). Voya Inv Ltd Liability reported 10,588 shares stake. 2.73 million are held by Blackrock. Panagora Asset Mngmt invested in 324,223 shares.

ChemoCentryx, Inc. (NASDAQ:CCXI) Institutional Positions Chart

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